Jurors in the trial of the former leaders of Dewey & LeBoeuf LLP met Friday for the 17th time to weigh the Manhattan district attorney’s allegations of a scheme to defraud Dewey’s lenders and investors before the firm collapsed, and asked to rehear testimony from the star cooperating witness.
A New York State jury on Tuesday acquitted former Dewey & LeBoeuf LLP Chairman Steven Davis, Executive Director Stephen DiCarmine and Chief Financial Officer Joel Sanders of nine total counts of falsifying business records in a trial stemming from the megafirm’s collapse, but the judge declined to declare a mistrial "at this time."
Ferrari NV is poised to be valued at up to $9.8 billion in its long-awaited U.S. initial public offering, the luxury automaker’s parent company, Fiat Chrysler Automobiles NV, disclosed in a Friday securities filing.
The Second Circuit on Friday refused to reconsider its decision barring bondholders from suing Argentina’s central bank to collect the billions of dollars in debt they say the country’s government owes them, solidifying a finding that the bank isn’t the government’s alter ego.
An Oklahoma federal judge gave a preliminary nod Friday to SandRidge Energy Inc.'s $38 million deal to partially settle shareholder derivative claims over the 2013 ouster of CEO Tom Ward that came amid a chorus of criticism from investors over perceived wrongdoings.
A Delaware Chancery judge on Friday quashed a proposed settlement that sought to resolve an investor lawsuit over Hewlett-Packard’s $2.78 billion merger with Aruba Networks, a settlement the judge called part of a systemic problem of disclosure-only resolutions.
A North Carolina federal jury awarded about $29 million to SAS Institute Inc. on Friday after a three-week trial in a suit in which it accused rival World Programming Ltd. of breaching a licensing contract for computer programs.
Follow our exclusive coverage of the trial of the year:Dewey Trial Day 72